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Institution

Copenhagen Business School

EducationCopenhagen, Hovedstaden, Denmark
About: Copenhagen Business School is a education organization based out in Copenhagen, Hovedstaden, Denmark. It is known for research contribution in the topics: Corporate governance & Context (language use). The organization has 2194 authors who have published 9649 publications receiving 341898 citations.


Papers
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Journal ArticleDOI
TL;DR: In this paper, the authors build a new class of discrete-time models that are relatively easy to estimate using returns and/or options and find that the distribution of returns is driven by two factors: dynamic volatility and dynamic jump intensity.

155 citations

Journal ArticleDOI
TL;DR: In this article, the authors investigate the relationship between firm characteristics as captured by accounting and market data and a firm's probability of private information-based trade (PIN) as estimated from trade data.
Abstract: This paper investigates the linkage of microstructure, accounting, and asset pricing. We determine the relationship between firm characteristics as captured by accounting and market data and a firm's probability of private information-based trade (PIN) as estimated from trade data. This allows us to determine what types of firms have high information risk. We then use these data to create an instrument for PIN, the PPIN, which we can estimate from firm-specific data. We show that PPINs have explanatory power for the cross-section of asset returns in long sample tests. We also investigate whether information risk vitiates the influence of other variables on asset returns. Our results provide strong support for information risk affecting asset returns, and suggest that PIN weakens, but does not remove, the role of size in asset returns.

155 citations

Journal ArticleDOI
TL;DR: In this paper, the authors investigate whether mutual funds' flows reflect the incentives of brokers intermediating them and find significant effects of these payments to brokers on funds' inflows, particularly when the brokers are not affiliated.
Abstract: We ask whether mutual funds’ flows reflect the incentives of the brokers intermediating them. The incentives we address are those revealed in statutory filings: the brokers’ shares of sales loads and other revenue, and their affiliation with the fund family. We find significant effects of these payments to brokers on funds’ inflows, particularly when the brokers are not affiliated. Tracking these investments forward, we find load sharing, but not revenue sharing, to predict poor performance, consistent with the different incentives these payments impart. We identify one benefit of captive brokerage, which is the recapture of redemptions elsewhere in the family.

154 citations

Journal ArticleDOI
TL;DR: In this article, the extent to which dimensions of feedback are related to self-development was examined, and it was found that employees rated their perceptions of feedback received, and supervisors rated employees' self-develop...
Abstract: This study examined the extent to which dimensions of feedback are related to self-development. Employees rated their perceptions of feedback received, and supervisors rated employees’ self-develop...

154 citations


Authors

Showing all 2280 results

NameH-indexPapersCitations
Cass R. Sunstein11778757639
John Campbell107115056067
Nicolai J. Foss9145431803
Stewart Clegg7051723021
Robert J. Kauffman6943715762
James R. Markusen6721626362
Timo Teräsvirta6222420403
John D. Sterman6217127982
Björn Johansson6263716030
Richard L. Baskerville6128418796
Torben Pedersen6124114499
Peter Christoffersen5920815208
Saul Estrin5835916448
Ram Mudambi5623613562
Xin Li5621411450
Network Information
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Performance
Metrics
No. of papers from the Institution in previous years
YearPapers
202329
2022144
2021584
2020534
2019453
2018452